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Post 321
Manage episode 487864092 series 3669249
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- Campbell’s Soup sales are back in positive territory.
- Restaurants getting so expensive people are eating more at home.
- But not eating as many snacks.
- Restaurants getting so expensive people are eating more at home.
- Hudson’s Bay is being liquidated.
- But its brands will live on.
- The percentage of first-time home buyers in the US has plummeted.
- It’s a result of deliberate policy.
- The alcohol industry is still struggling.
- Brown Forman, maker of Jack Daniel’s, recently announced their results and they were met with plenty of booze.
- Its share price is going down faster than shots of Jack Daniels at a Honky-Tonk line dance.
- Brown Forman, maker of Jack Daniel’s, recently announced their results and they were met with plenty of booze.
- Home sales in the Toronto area are down more than a third from pre-COVID.
- Yet active listings are way up: over 40%.
- Lululemon comparable store sales in the Americas have not grown for five straight quarters.
- Procter & Gamble sales growth has been declining.
- And now its number of employees is following suit.
- P&G competitor Kimberly Clark also saw sales weaken and are now in negative territory.
- In Financial Ructions:
- We look at how real interest rates were distorted into negative territory for years by Ben Bernanke.
- With other central banks following suit this was the start of the housing affordability crisis in many countries.
- Manufacturing has been contracting in the US for some time.
- But prices are rising.
- Canadian banks may be getting nervous.
- Activist Treasury Issuance survives the change in government.
- We look at how real interest rates were distorted into negative territory for years by Ben Bernanke.
- We start Chapter 1 of our book review of The Way the Economy Works: How Economies Fail – and Succeed by Jude Wanniski
- Government must be of the people and must be trusted.
- Decadence only occurs when government goes its own way and in a direction different from that demanded by society.
- Government must be of the people and must be trusted.
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